Cadence reports Q2 revenue up 24.2% YoY to $1.58B and raises its annual revenue forecast to between $6.26B and $6.34B vs. $6.21B est.; CDNS up 4%+ after hours (Reuters)

<a href="https://www.reuters.com/business/retail-consumer/cadence-raises-annual-forecasts-demand-booms-ai-chip-design-2026-07-27/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260727/i31.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260727/p31#a260727p31" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="http://www.reuters.com/">Reuters</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.reuters.com/business/retail-consumer/cadence-raises-annual-forecasts-demand-booms-ai-chip-design-2026-07-27/">Cadence reports Q2 revenue up 24.2% YoY to $1.58B and raises its annual revenue forecast to between $6.26B and $6.34B vs. $6.21B est.; CDNS up 4%+ after hours</a></b></span>&nbsp; &mdash;&nbsp; Cadence Design Systems (CDNS.O) raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software.</p>